Vitol’s Muller says oil stocks `worrisome,’ OPEC+ spare capacity near `alarming’ level

Global oil stocks are at “worrisome” levels as waning OPEC+ spare capacity is expected to reach an alarming degree by next year amid higher crude demand outstripping supply, the head of Vitol Asia said on Feb. 6. “Demand is currently making the headlines and supply is the problem,” Mike Muller told the Gulf Intelligence daily energy markets podcast. “Inventories continue…